1. Establish a long-term fixed asset planning and analysis process. OMB, in consultation with the Chief Financial Officers (CFO) Council, should establish a long-term planning and analysis process for fixed assets acquisitions, maintenance, and disposal by October 1994. OMB should review any related circulars to incorporate this governmentwide planning process and seek to minimize duplication of effort that might arise in establishing new procedures. This guidance should set dollar threshold levels below which less extensive analysis will be permitted. The planning process should establish goals and objectives and result in an overall investment policy or strategy for prioritizing federal investment in fixed assets.
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